Renaissance Capital logo

Climate Real Impact Solutions II Priced, NYSE: CLIM.U

Second blank check company formed by PIMCO and industry veterans targeting businesses that fight climate change (liquidated).

Industry: SPAC

First Day Return: +9.0%

Decarbonizing the atmosphere is the moral imperative of our time and, if the worst consequences of global warming are to be averted, the private sector must step up and play a pivotal role. Indeed, decarbonization is a foundational imperative for the 21st century economy. Increasingly, consumers are demanding the use of decarbonizing technologies, companies are making dramatic shifts to renewable energy and sustainable procurement, and U.S. state and city governments are enacting pro-climate environmental standards and regulations. Notwithstanding shifting political dynamics in certain countries, the Paris Agreement of 2015 crystalized the intent of 197 global governments to set standards and objectives for massive carbon emission reduction and avoidance, further accelerating investment in and scaling of decarbonizing technologies. The Global Carbon Project estimates global carbon emissions at approximately 40 billion tonnes per year. Concurrently, the International Monetary Fund (“IMF”) estimates the cost of avoiding carbon emissions at roughly $50 per tonne. Therefore, avoiding additional CO2 emissions, through substitution, replacement and avoidance (collectively, “Avoided Carbon”) represents an economic opportunity of approximately $2 trillion per year.
IPO Data
IPO Date 01/26/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $210
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Princeton, NJ, United States
Founded 2020
Employees at IPO 5
Website www.climaterealimpactsolutions.com/cris2-about

Climate Real Impact Solutions II (CLIM.U) Performance

Created with Highcharts 10.3.2Chart context menuCLIM.U vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '250%-100%-50%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index